U.S. PPI rose more than expected in August

Note: This section contains information in English only.
Source: ForexLive
According to the Labor Department, the Producer Price Index rose 1.7% in August,above estimates for a 1.4% increase, as energy prices soared 6.4%. On a yearly basis, the producer price index rose at an annualized rate of 2.0% last month, above expectations for a gain of 1.4%. The core PPI added 0.2% in August, meeting analysts' expectations, after jumping 0.4% in July.
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Thu, 13 Sep 2012 16:06:52 GMT

Fresh stimulus for South Korean economy

South Korea has unveiled its second stimulus plan in four days, in order to revive nation's economy. Today's announcement involves plans for the central bank to inject 1.5tn won ($1.3bn) into the banking sector, which will be used to provide low interest loans to small businesses. In the meanwhile, the Bank of Korea's held its base rate steady at 3.00%, while analysts had predicted a

Thu, 13 Sep 2012 15:33:51 GMT

Weekly U.S. unemployment claims rose by 15,000

The number of people who filed unemployment benefit claims in the U.S. last week rose more than expected, the U.S. Department of Labor said on Thursday.  Applications for U.S. jobless benefits jumped by 15,000 to a seasonally adjusted 382,000 in the week ended Sept. 8, up from 367,000 in the previous week. Analysts had predicted initial jobless claims to rise by 3,000 to 370,000.  

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